DESTINY TECH100 INC (DXYZ) Stock Technical Analysis
NYSE:DXYZ - New York Stock Exchange, Inc. - US25063F1075 - Currency: USD
We assign a technical rating of 2 out of 10 to DXYZ. Although DXYZ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month DXYZ has a been trading in the 31.49 - 41.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that DXYZ is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
DXYZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DXYZ is lagging the market.
The technical rating of DXYZ is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
29.96
45.12
We found 1 important support area.
- Support @30.26 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 37.22 to 38.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.68 to 40.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @44.67 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for DXYZ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DXYZ is down. |
| ChartMill Relative Strength | 95.12 | POSITIVE | DXYZ has a high relative strength, it outperformed 95.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DXYZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DXYZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DXYZ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.73 | NEUTRAL | The RSI value for DXYZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests DXYZ has a negative trend. |
| Stochastics (14,3) | 37.56 | NEUTRAL | The Stochastics value for DXYZ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.39 | HIGH VOLATILITY | The high ATR as a percentage value for DXYZ suggests high volalility. |
| Average Directional Index/ADX (14) | 12.96 | NEGATIVE | The low ADX value for DXYZ suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
33.41
-1.04 (-3.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.02%
1 Week-17.34%
2 Weeks-10.12%
1 Month-12.06%
3 Month10.37%
6 Month-40.91%
12 Month146.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.11
ATR(20)%6.39%
ATR Inc171.42%
Range Today2.12
ADR(20)1.78
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.12
Mansfield-1.05
10 Day High40.48
10 Day Low31.49
20 Day High41.39
20 Day Low31.49
52 Week High77.35
52 Week Low9
CS1 End30.26
CR1 Start37.22
Volume & EV
DER(3)-5.67%
DER(5)-5.1%
Volume1.00M
Volume Incr215.79%
Vol(5)1.17M
Vol(50)569.05K